Services

As an award winning accountancy practice of chartered certified accountants, we strive to maintain and uphold a professional work environment. Our dedicated professional team provides a full range of Accounting services.

Expertise

Our proficient and expert team supports and guides businesses from different industries. We have clients from various sectors such as contractors, healthcare, solicitors, property, Charities and many more.

Other Services

We care about you and your business hence why we go above and beyond for all our clients, we don’t just provide standard accountancy we have a range of other services for you to help kick start your business.

Resources

We provide a wide variety of resources that is going to make a huge impact on your business from training videos to guides we are sure you can use to acquire new knowledge and utilise for your businesses.

Services

As an award winning accountancy practice of chartered certified accountants, we strive to maintain and uphold a professional work environment. Our dedicated professional team provides a full range of Accounting services.

Expertise

Our proficient and expert team supports and guides businesses from different industries. We have clients from various sectors such as contractors, healthcare, solicitors, property, Charities and many more.

Other Services

We care about you and your business hence why we go above and beyond for all our clients, we don’t just provide standard accountancy we have a range of other services for you to help kick start your business.

Resources

We provide a wide variety of resources that is going to make a huge impact on your business from training videos to guides we are sure you can use to acquire new knowledge and utilise for your businesses.

Vehicles

Quick Menu:

Car Benefit

The car benefit is calculated by multiplying the car’s list price, when new, by a percentage linked to the car’s CO2 emissions.

For diesel cars generally add a 4% supplement (unless the car is registered on or after 1 September 2017 and meets the Euro 6d emissions standard) but the maximum is still 37%.

The list price includes accessories.

The list price is reduced for capital contributions made by the employee up to £5,000.

Special rules may apply to cars provided for disabled employees.

For cars registered before 1 January 1998 and cars with no agreed CO2 emissions the charge is based on engine size.

2018/19:

CO2 emissions (gm/km) 1

% of car’s list price taxed

0 to 50

13

51 up to 75

16

76 up to 94

19

95

20

100

21

105

22

110

23

115

24

120

25

125

26

130

27

135

28

140

29

145

30

150

31

155

32

160

33

165

34

170

35

175

36

180 and above

37

2017/18:

CO2 emissions (gm/km) 1

% of car’s list price taxed

0 to 50

9

51 up to 75

13

76 up to 94

17

95

18

100

19

105

20

110

21

115

22

120

23

125

24

130

25

135

26

140

27

145

28

150

29

155

30

160

31

165

32

170

33

175

34

180

35

185

36

190 and above

37

Note…

Round down to nearest 5gm/km for values above 95

Car Fuel Benefit

Car fuel benefit applies if an employee has the benefit of private fuel for a company car.

The benefit is calculated by applying the percentage used to calculate the car benefit by a ‘fuel charge multiplier’.

The charge is proportionately reduced if provision of private fuel ceases part way through the year. The fuel benefit is reduced to nil only if the employee pays for all private fuel.

Fuel charge multiplier: £23,400 (2017/18: £22,600)

Van Benefit

Van benefit is chargeable if the van is available for an employee’s private use.

A fuel benefit may also be chargeable if an employee has the benefit of private fuel paid for in respect of a company van.

The charges do not apply to vans if a restricted private use condition is met throughout the year.

A reduced benefit charge may apply to vans which cannot emit CO2 when driven.

Van benefit: £3,350 (2017/18: £3,230)

Fuel benefit: £633 (2017/18: £610)

Advisory Fuel Rates for Company Cars

Advisory rates only apply where employers reimburse employees for business travel in a company car or require employees to repay the cost of fuel used for private travel in a company car. If the rate paid per mile of business travel is no higher than the advisory rate for the particular engine size and fuel type of the car, HMRC will accept that there is no taxable profit and no Class 1 NIC liability.

From 1 September 2018:

Petrol

Engine size (cc)

Pence per mile

1400 or less

12

1401 to 2000

15

Over 2000

22

Diesel

Engine size (cc)

Pence per mile

1600 or less

10

1601 to 2000

12

Over 2000

13

LPG

Engine size (cc)

Pence per mile

1400 or less

7

1401 to 2000

9

Over 2000

13

Notes…

Hybrid cars are treated as either petrol or diesel cars for this purpose.

Mileage Allowance Payments for Employees

Mileage Allowance Payments (MAPs) represent the maximum tax free mileage allowances an employee can receive from their employer for using their own vehicle for business journeys.

An employer is allowed to pay an employee a certain amount of MAPs each year without having to report payments to HMRC.

If the employee receives less than the statutory rate, tax relief can be claimed on the difference.

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